Oracle Corp (ORCL) Reports In-Line Q4 EPS; Doubles Divided, Raises Buyback, Plans to List on NYSE

June 20, 2013 4:02 PM EDT
(Updated - June 20, 2013 4:06 PM EDT)

Oracle Corp (NASDAQ: ORCL) reported Q4 EPS of $0.87, in-line with the analyst estimate of $0.87. Revenue for the quarter came in at $10.9 billion versus the consensus estimate of $11.12 billion.

Both GAAP and non-GAAP new software licenses and cloud software subscriptions revenues were up 1% to $4.0 billion.

Software license updates and product support revenues were up 6% to $4.4 billion. Hardware systems products revenues were $849 million. GAAP operating income was up 9% to $5.0 billion, and GAAP operating margin was 46%.

Non-GAAP operating income was up 1% to $5.6 billion, and non-GAAP operating margin was 51%. GAAP net income was up 10% to $3.8 billion, while non-GAAP net income was down 1% to $4.1 billion.

"Oracle's HCM Cloud, CRM Cloud and ERP Cloud grew 50% as we added over 500 new SaaS customers in Q4 alone," said Oracle President Mark Hurd. "Our annualized SaaS revenue run rate is over $1 billion, making us a strong number two in cloud applications -- we are larger than SAP and Workday combined. Furthermore, in Q4 our HCM cloud alone generated more SaaS revenue and added more new Fusion HCM customers than Workday added HCM and ERP customers combined in their most recent quarter."

Oracle also authorized the repurchase of up to an additional $12.0 billion of common stock under its existing share repurchase program in future quarters.

Oracle declared a quarterly dividend of $0.12 per share, or $0.48 annualized. This is a 100% increase from the prior dividend of $0.06. The dividend will be payable on August 2, 2013, to stockholders of record on July 12, 2013, with an ex-dividend date of July 10, 2013. The annual yield on the dividend is 1.4 percent.

Oracle also announced that it has applied to list its common stock on the New York Stock Exchange under its current symbol "ORCL". The company will delist from the NASDAQ.

For earnings history and earnings-related data on Oracle Corp (ORCL) click here.

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